Blog Layout
Summer (Week 3)
Joseph Screen • May 18, 2020
Treasury Yields Gain On Consumer Data
https://www.wsj.com/articles/treasury-yields-rise-on-consumer-sentiment-data-11589564178
Virus Has Consumers Rethinking Ride Sharing vs. Owning a Car
https://www.wsj.com/articles/coronavirus-bolsters-car-ownership-as-consumers-rethink-shared-rides-11589564566
Stocks Rise But End Week With Losses
https://www.cnbc.com/2020/05/14/stock-market-live-updates-more-losses-ahead-waiting-on-jobless-claims.html
Fuel Hedged Pinch Some Global Airlines
https://www.wsj.com/articles/overhedging-oil-prices-lands-some-coronavirus-battered-global-airlines-in-further-trouble-11589555843
Re-Evaluating Michael Jordan’s Leadership Style
https://www.tsn.ca/nba/video/why-mj-s-leadership-style-wouldn-t-work-with-athletes-today~1960767
China Makes, But the World Is Slow to Take
https://www.wsj.com/articles/chinese-economys-recovery-from-coronavirus-starts-off-slowly-11589527393
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Subject: Re: Simple Explanation Oil economics 101
Here, in simple to understand language, is the explanation for my friends who ask how oil was trading at negative $37/bbl last week
Thompson Energy analysis - UNDERSTANDING Crude Oil trading at minus -$37.
Imagine the following scenario:
You pay $500 today and commit to receiving a hooker at your house in 15 daysbecause your wife will be traveling. This is called a Futures Contract.
Unfortunately, lockdown came and you are locked down with your wife at home for the next 60 days. This is called “now you are f**ked,” and you cannot fulfill the escort company's Futures Contract.
So now you do not want this woman to show up at your house at all, and you try to find any of your friends to pass off this futures contract, any neighbours or, anybody. But you find no takers because now everybody is under lockdown with their wives and families. You find you cannot sell this hooker commitment because nobody can take delivery of the girl, and there is nowhere to stash her. Nobody can receive the hooker at home anymore. Everyone is in full storage.
To make matters worse, not even the pimp (Chicago Mercantile exchange) who sold you the hooker contract has any more room to receive girls because his house is full of girls out of work under lockdown.
So now you will have to pay anyone just to take the girl off your hands. So someone tells you. "I will take the girl off your hands but you pay me $37 to do it."
This is called negative price when you deliver the girl that cost you $500 to the willing buyer and pay him $37 to take delivery.
Got it? This in a nutshell is what happened to the Oil Futures Market last month....
How modern life is making men infertile https://www.bbc.com/reel/video/p09k7qw5/how-modern-life-is-making-men-infertile Fertility rate: 'Jaw-dropping' global crash in children being born https://www.bbc.com/news/health-53409521 Paul Tudor Jones says ‘go all in on the inflation trades’ if Fed keeps ignoring higher prices https://www.cnbc.com/2021/06/14/paul-tudor-jones-says-bet-heavily-on-every-inflation-trade-if-fed-keeps-ignoring-higher-prices.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Message Brace for flooding. A moon 'wobble' is coming, NASA warns https://amp.usatoday.com/amp/7958703002
Assassination in Iran Could Limit Biden’s Options. Was That the Goal? https://www.nytimes.com/2020/11/28/world/middleeast/israel-iran-nuclear-deal.html In Their 20s and Saving for Retirement: How It Started, How It’s Going https://www.nytimes.com/2020/11/27/business/millennials-retirement-saving.html Biden Team, Pushing Quick Stimulus Deal, Prepares for Renewed Recession https://www.nytimes.com/2020/11/22/business/economy/biden-coronavirus-stimulus-recession.html Hollywood’s Obituary, the Sequel. Now Streaming. https://www.nytimes.com/2020/11/28/business/media/hollywood-coronavirus-streaming.html Brazen Killings Expose Iran’s Vulnerabilities as It Struggles to Respond https://www.nytimes.com/2020/11/28/world/middleeast/iran-assassinations-nuclear-israel.html About 150 U.S. Cadillac Dealers to Exit Brand, Rather Than Sell Electric Cars https://www.wsj.com/articles/about-150-u-s-cadillac-dealers-to-exit-brand-rather-than-sell-electric-cars-11607111494 Further Slowdown in Job Creation Sets Off Economic Alarms https://www.nytimes.com/2020/12/04/business/economy/november-jobs-report.html Weather-Upending La Niña Is Headache for Farmers World-Wide https://www.wsj.com/articles/weather-upending-la-nina-is-a-headache-for-farmers-around-the-world-11607077803 Temple Settles With U.S. Over Falsified M.B.A. Rankings Data https://www.wsj.com/articles/temple-settles-with-u-s-over-falsified-m-b-a-rankings-data-11607104836 More record highs for stocks as hopes grow for economic aid https://apnews.com/article/financial-markets-tokyo-health-hong-kong-shanghai-3e3e3e453bf1ced6e37999a109c88964
California is Trying to Jump-Start the Hydrogen Economy https://www.nytimes.com/2020/11/11/business/hydrogen-fuel-california.html DraftKings Users Surged With Return of Pro Sports Betting https://www.wsj.com/articles/draftkings-users-surged-with-return-of-pro-sports-betting-11605283899 Wall Street Carried to Record by Biden Win and Vaccine Hopes https://www.nytimes.com/2020/11/13/business/stock-market-record.html Covid-19 Vaccine, Election Results Boost Riskiest Borrowers https://www.wsj.com/articles/covid-19-vaccine-election-results-boost-riskiest-borrowers-11605277737 Economic Demands Test Biden Even Before Inauguration https://www.nytimes.com/2020/11/14/business/economy/biden-democrats-economic-stimulus.html Asia-Pacific Countries Sign Major Trade Pact in Test for Biden https://www.wsj.com/articles/asia-pacific-nations-sign-major-china-backed-trade-deal-11605434779 Investors Bet Economic Recovery Won’t Spark Jump in Inflation https://www.wsj.com/articles/investors-bet-economic-recovery-wont-spark-jump-in-inflation-11605695078
Jobs Report Shows Gains but Vulnerability to New Virus Surge https://www.nytimes.com/2020/11/06/business/economy/october-jobs-report.html For Millions Deep in Student Loan Debt, Bankruptcy Is No Easy Fix https://www.nytimes.com/2020/11/07/your-money/student-loans-bankruptcy.html U.S. Firms Get Another Boost From China https://www.wsj.com/articles/u-s-firms-get-another-boost-from-china-11604658601 Gold Hasn’t Behaved Like a Haven Recently https://www.wsj.com/articles/gold-hasnt-behaved-like-a-haven-recently-11604683215 Vaccines Are China’s Golden Opportunity to Regain Global Trust on Health Exports https://www.wsj.com/articles/vaccines-are-chinas-golden-opportunity-to-regain-global-trust-on-health-exports-11605082819 Rubber Prices Bounce Back, Fueled by Automotive, Medical Demand https://www.wsj.com/articles/rubber-prices-bounce-back-fueled-by-automotive-medical-demand-11605093577 Home Prices Are Rising Everywhere in the U.S. https://www.wsj.com/articles/home-prices-are-rising-everywhere-in-the-u-s-11605220823 Stocks Have Best Week Since April in Election Week Rally https://www.nytimes.com/live/2020/11/06/business/us-economy-coronavirus
From ‘Fall Guys’ to ‘Among Us,’ How America Turned to Videogames Under Lockdown https://www.wsj.com/articles/from-fall-guys-to-among-us-how-america-turned-to-videogames-under-lockdown-11604116815 Investing for the Future in the United States of Agita https://www.nytimes.com/2020/10/31/your-money/investing-stocks-trump-biden.html Dow Wraps Up Worst Month Since March https://www.wsj.com/articles/global-stock-markets-dow-update-10-30-2020-11604046237
Covid Nationalism https://mail.google.com/mail/u/1?ui=2&ik=e173be949c&attid=0.1&permmsgid=msg-a:r-217798262128916219&th=1748ea57d41f91ed&view=att&disp=safe&realattid=f_kf32r4r30 Investors, It’s Too Soon for an Election Night Party https://www.wsj.com/articles/investors-its-too-soon-for-an-election-night-party-11603445421 Biden’s Debate Remarks Inject Energy, Climate Issues Into 2020 Race https://www.wsj.com/articles/bidens-debate-remarks-inject-energy-issues-into-2020-race-11603472841 The IRS Reels in a Whale of an Offshore Tax Cheat—and Goes for Another https://www.wsj.com/articles/the-irs-reels-in-a-whale-of-an-offshore-tax-cheatand-goes-for-another-11603445399 These Firms Are in No Rush to Say ‘Made in the U.S.A.’ https://www.wsj.com/articles/these-firms-are-in-no-rush-to-say-made-in-the-u-s-a-11603465219 Lee Kun-hee, Who Built Samsung Into a Global Giant, Dies at 78 https://www.nytimes.com/2020/10/24/obituaries/lee-kun-hee-dies-samsung.html Harley’s New CEO Bets on Leaner Operations to Restore Hogs’ Luster https://www.wsj.com/articles/harleys-new-ceo-bets-on-leaner-operations-to-restore-hogs-luster-11603648802 Struggling Rental Market Could Usher in Next American Housing Crisis https://www.wsj.com/articles/struggling-rental-market-could-usher-in-next-american-housing-crisis-11603791000 A Biden Win Could Renew a Democratic Split on Trade https://www.nytimes.com/2020/10/28/business/economy/democrats-biden-trade.html
*Please watch the documentary titled "The Social Dilemma" on Netflix U.S. Budget Gap Tripled to Record $3.1 Trillion in Fiscal 2020, Treasury Says https://www.wsj.com/articles/u-s-budget-gap-tripled-to-record-3-1-trillion-in-fiscal-year-2020-treasury-says-11602871210 Slowdown in Corporate Bond Issuance Could Boost Investment-Grade Debt https://www.wsj.com/articles/slowdown-in-corporate-bond-issuance-could-boost-investment-grade-debt-11602865327 Stocks Edge Higher as Choppy Week on Wall Street Wraps Up https://www.wsj.com/articles/global-stock-markets-dow-update-10-16-2020-11602839821 Look Who’s Really Chasing Hot Stocks Like Zoom https://www.wsj.com/articles/look-whos-really-chasing-hot-stocks-like-zoom-11602860804 U.S. Retail Spending Picked Up Strongly in September https://www.wsj.com/articles/us-economy-september-retail-sales-coronavirus-recovery-11602786924 Tab, Coca-Cola’s Diet-Soda Pioneer and a ’70s Icon, Is Going Away https://www.wsj.com/articles/tab-coca-colas-diet-soda-pioneer-and-a-70s-icon-is-going-away-11602847800 HOW CLIMATE MIGRATION WILL RESHAPE AMERICA https://www.nytimes.com/interactive/2020/09/15/magazine/climate-crisis-migration-america.html
Covid Is Crushing Small Businesses. That’s Bad News for American Innovation. https://www.wsj.com/articles/covid-is-crushing-small-businesses-thats-bad-news-for-american-innovation-11602235804 Why Disney World Is Open but Disneyland Is Closed https://www.wsj.com/articles/why-disney-world-is-open-but-disneyland-is-closed-11602235802 Wheat Prices Skyrocket After Dry Weather, Coronavirus Lockdowns https://www.wsj.com/articles/wheat-prices-skyrocket-after-dry-weather-coronavirus-lockdowns-11602249791 Stocks post biggest weekly gain in 3 months https://www.postandcourier.com/stocks-post-biggest-weekly-gain-in-3-months/article_d20be49c-0a72-11eb-b7fd-873c3df3a243.html China Joins Covax Global Initiative to Provide Covid-19 Vaccines to Poor Countries https://www.wsj.com/articles/china-joins-global-initiative-to-provide-covid-19-vaccine-to-poor-countries-11602240471 The Baby Boomer Bond Dilemma https://www.nytimes.com/2020/10/08/business/mutfund/treasury-bonds-baby-boomers.html Day-Care Centers Are Very Low Risk for Covid-19 Transmission, Study Says https://www.wsj.com/articles/daycare-centers-are-very-low-risk-for-covid-19-transmission-study-says-11602699914
Question to be discusses in class: If Biden gets elected, which commodity's price will go up? Quote: "Millennials are lagging when it comes to money. People born from 1981 to 1966 control just 4.6% of U.S. wealth even though they make up the largest part of the workforce, with 72 million members. While it is not unusual for younger people to be poorer than their elders, this particular group is far behind previous generations at the same age, Fed data show. Meanwhile, Gen Xers have tripled their wealth since 2018, and Baby Boomers remain firmly ensconced at the top." Don't forget to watch the documentary "Capital in the Twenty-First Century" if you can. Articles Stocks Close Lower After Trump Tests Positive for Coronavirus https://www.wsj.com/articles/global-stock-markets-dow-update-10-02-2020-11601619637 Battery-Free, Energy-Harvesting Perpetual Machines: The Weird Future of Computing https://www.wsj.com/articles/battery-free-energy-harvesting-perpetual-machines-the-weird-future-of-computing-11601697600 Strong Job Growth, a Terrible Job Market: The Bizarre 2020 Economy https://www.nytimes.com/2020/10/02/upshot/2020-terrible-job-market.html Coronavirus Upended Advertising. Here’s How Brands From Progressive Insurance to Budweiser Responded. https://www.wsj.com/articles/coronavirus-upended-advertising-madison-avenue-wasnt-ready-11601697645 Workers With Health Insurance Face Rising Out-of-Pocket Costs https://www.nytimes.com/2020/10/08/health/health-insurance-premiums-deductibles.html
At Pentagon, Fears Grow That Trump Will Pull Military Into Election Unrest https://www.nytimes.com/2020/09/25/us/politics/trump-military-election.html China Is on a Building Binge, and Metal Prices Are Surging https://www.nytimes.com/2020/09/25/business/commodities-metals-prices-china-coronavirus.html Mark Cuban calls for $1,000 stimulus checks every two weeks through November https://www.cnn.com/2020/09/24/investing/mark-cuban-andrew-yang-stimulus-checks-ubi/index.html Investors Ramp Up Bets on Market Turmoil Around Election https://www.wsj.com/articles/investors-ramp-up-bets-on-market-turmoil-around-election-11601199001 Grocers Stockpile, Build ‘Pandemic Pallets’ Ahead of Winter https://www.wsj.com/articles/grocers-stockpile-build-pandemic-pallets-ahead-of-winter-11601199000 Stocks Finish Second Straight Quarter of Big Gains https://www.wsj.com/articles/global-stock-markets-dow-update-9-30-2020-11601456359 Quote from Virgil Ehlings: "I'm convinced the whole school system, from kindergarten on up, is creating nothing but trained seals," Elings said. "Here's a trick, do the trick, I'll give you a treat. Everybody now needs a 4.5 grade point average to get into college. Grades are so important, all you're going to do is learn the trick -- memorize the trick for at least three months to get the grade." The way around that, Elings strongly believes, is project education. "You get a project, it's your own. You have to get to the end. You learn what you're good at, what you're bad at. You learn what it means to finish something. You learn because you have a need to know. That's what this guy at Dos Pueblos does. Project education from freshman to senior."